BERA · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.035%higher than 43% of spread values(window 1D)
long $0.1738 · short $0.1739(long 1m / short 3m old)
Entry Spread (order book)-0.237%on $10,000
long $0.1738 · short $0.1734(average execution prices, not mark)
market median $0.1738· long +0.0%· short +0.0%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.03%, but entry and exit cost 0.18% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.03% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.50% | 1.00% |
|---|---|---|---|
| Gross profit | +$3.45 | -$46.55 | -$96.55 |
| Round-trip fees | −$19.00 | −$19.00 | −$19.00 |
| Slippage(loading orderbook…) | — | — | — |
| Funding drag(est. 1h hold) | +$0.86 | +$0.86 | +$0.86 |
| Net potential | -$14.69 | -$64.69 | -$114.69 |
Breakeven move 0.1814%·Tradeability: 0.2× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.10%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 283 samples
Current
+0.035%
43 pct
Median
+0.058%
Average
+0.059%
P25 → P75
-0.047% … +0.141%
Range
-0.554% … +1.328%
Std dev
±0.197%
tf
LONG
Hyperliquid(dex)
Hyperliquid(dex)- Mark Price
- $0.1738
- Exchange Ticker
- BERA
- Taker / Maker
- 0.045% / 0.015%
- Funding APR(1h)
- -69.94%
- OI
- $1.86M
- 24h Vol
- $357.84K
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade LongSHORT
Binance Futures(cex)
Binance Futures(cex)- Mark Price
- $0.1739
- Exchange Ticker
- BERAUSDT
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(4h)
- +5.47%
- OI
- $5.08M
- 24h Vol
- $7.88M
⚠ slippage not modeled (virtual liquidity / RFQ venue)
Trade Short283 long / 255 short samples · 2 days · auto-refresh every 30s